Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: DiViT who wrote (35650)	9/2/1998 7:04:00 PM
From: John Rieman	Respond to of 50808

Jiang keeps telling Japan the same thing. Japan better spend some money, or China will devalue....................................... insidechina.com President Jiang Warns Yuan Stability Policy May Not Last Forever TOKYO -- (Agence France Presse) Chinese President Jiang Zemin (pictured) said Beijing's commitment to keeping the yuan stable may not last forever, a report here said Wednesday. "China has chosen to stabilize the yuan by paying a great price and taking a risk, and there has been no change so far," the Tokyo Shimbun newspaper quoted Jiang as telling former Japanese Prime Minister Toshiki Kaifu in a meeting in Beijing. But referring to the possibility of a devaluation of the currency, he added: "I cannot be 100 percent certain of how things will go in this world." "This kind of situation may not last forever," Jiang was quoted as saying in Tuesday's meeting, when he met with Kaifu and the newspaper's President, Hirohiko Oshima. The Chinese president was also quoted in the leading business daily Nihon Keizai Shimbun as telling Kaifu: "I am paying attention to the recent financial situation in Japan." "I would like Japan to fulfill a role of stabilizing financial systems in Asia and across the world." Financial markets have been concerned the weakness of the yen against the dollar and a worsening international financial situation could force Beijing to devalue the yuan. For its part China has pledged not to devalue its currency. Besides discussing the Chinese currency, Jiang told Kaifu he had yet to set a date for his expected visit to Japan. Jiang was due to make an official visit here on Sept. 6, but canceled the trip, blaming the problems of severe flooding in China. (US$1 = 8.28 yuan, 138.21 yen) ( (c) 1998 Agence France Presse)